Hi guys…i’ve been away from the board…too much work, stress and stuff…besides, I am almost completely out: market to scary for an amateur like me. That said…waiting for a nice entrypoint. Traditionally it should come around the earnings..let’s see if history repeats itself…

The general pessimism of seemingly now, ALL THE ANALYSTS may in fact be a blessing in disguise.

Normally, there is the PUMP-N-DUMP feeling going into these calls, the only question is HOW MUCH AAPL will beat the street.

But this time, I get the feeling for some reason, that if AAPL just does OK, and Oppie the Doomster, doesn’t pull his normal “the sky is falling” routine, and they project some just acceptable growth for the next quarter, this will be a heavily received GOOD SIGN.

The markets feel to me like they really want ANYTHING to ignite another up leg on this bear market rally, so for the first time in a few years, we just might, maybe, perhaps, NOT GET the spike up, then IMMEDIATE correction and dump when Oppie does the Dopie number.

Pondering NOW, whether to cover with puts, or ride this one out with my LONGS.

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“Once we roared like lions for liberty; now we bleat like sheep for security! The solution for America’s problem is not in terms of big government, but it is in big men over whom nobody stands in control but God.” ?Norman Vincent Peale

I’m pretty much numb to the pain at this point .. great earnings and the a sandbag of next quarters numbers .... but being the eternal optimist I can’t help but to relate to “Charlie” ...

Good luck to everyone today !

-Gtrplyr

Gtrplyr, that is brilliant, and exactly how I feel. I identify with Charlie and am just sure that Lucy..er…Oppie, is going to pull the ball at the last second once again. I may be wrong, but….fool me once, shame on you, fool me twice, shame on me…or more accurately, fool me for the 10th time, shame on me.

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“the market can stay irrational longer than you can stay solvent”-John Maynard Keynes

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Well folks this is most interesting. Inspite of the the overbought daily technicals, I went long yesterday on oversold short-term technicals and gut feeling. It looked to me on charts that AAPL would not fall apart yet. My best system is a price projection method I have developed and it showed that if AAPL did not drop after hitting it’s first projection target and did rally to new highs (above $124.25), then the next target is a possiblitity. If the broad markets can hold and recover, and the street likes AAPL’s numbers, it is now realistic. The target is $140-$145 range. This just so happens to be also the target of a major trend line down from the two peaks in 2008. That should stop it.

On the other hand, this could be a great place to sell and short AAPL if the numbers are not good.

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“Whatever happens in the stock market today has happened before and will happen again.” - Jesse Livermore

Wow, indices green…I think Tan is right, this market is still looking for a reason to keep rallying.

Everybody is getting back on with the banks after panic selling. The pullback to seven allowed everybody to pile on shares that had been peeled off on BAC’s meteoric run from $3.00 to $11.00 since March 6th.

And GS with over 12,000,000 shares of F said this morning that F won’t go BK. Captain Obvious would be proud.

Well folks this is most interesting. Inspite of the the overbought daily technicals, I went long yesterday on oversold short-term technicals and gut feeling. It looked to me on charts that AAPL would not fall apart yet. My best system is a price projection method I have developed and it showed that if AAPL did not drop after hitting it’s first projection target and did rally to new highs (above $124.25), then the next target is a possiblitity. If the broad markets can hold and recover, and the street likes AAPL’s numbers, it is now realistic. The target is $140-$145 range. This just so happens to be also the target of a major trend line down from the two peaks in 2008. That should stop it.

On the other hand, this could be a great place to sell and short AAPL if the numbers are not good.

Well the sponge bought another 100 shares this morning. I figure if iPhone sales in a (low quarter and bad economic environment) are only down 18%, it bodes well for fourth quarter when new and possibly cheaper ones come out. This also should give us a glimpse as to computer sales which may surprise us.

Never the less we are not going to 60 like I had hoped. We could drop below 100 at some point if the market tanks. With the help of AFB I will navigate those uncertain waters.